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Overview / Commentary
24333 Lahser Rd
Southfield, MI 48033

Peoples Trust Credit Union (MI) is headquartered in Southfield and is the 53rd largest credit union in the state of Michigan. It is also the 971st largest credit union in the nation. It was established in 1928 and as of December of 2013, it had grown to 70 employees and 22,632 members. Peoples Trust Credit Union (MI) has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship in specific communities within Macomb, Oakland or Wayne County. Also open to employees or retirees of the U.S. Government in the State of Michigan or several other Select Employer Groups. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Peoples Trust Credit Union (MI) had $1.25 million in non-current loans and owned real-estate with $15.65 million in equity and loan loss allowances on hand to cover it. This gives Peoples Trust Credit Union (MI) a Texas Ratio of 7.95% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Peoples Trust Credit Union (MI) experienced no significant changes from 7.86% as of December 31, 2012 to 7.95% as of December 31, 2013, resulting in a negative change of 1.21%. This indicates that the balance sheet and financial strength for Peoples Trust Credit Union (MI) has had no significant changes in recent periods.

Deposit Growth


In the past year, Peoples Trust Credit Union (MI) has increased its total deposits by $1.8 million, resulting in 1.09% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Peoples Trust Credit Union (MI) has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Peoples Trust Credit Union (MI) has $183.9 million in assets with $15.65 million in equity, resulting in a capitalization level of 8.51%, which is average.

Institution Statistics

NCUA #61068
Year Chartered1928
Primary Regulator
Assets and Liabilities
Assets$183.90 million
Loans$92.29 million
Deposits$166.20 million
Equity Capital$13.78 million
Loan Loss Allowance$1.87 million
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$62,000
Historic Data - December 2012
Assets$180.72 million
Equity Capital$13.95 million
Loan Loss Allowance$2.72 million
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$56,000
Profit Margin - Quarterly
Net Interest Margin6.45%
Return on Assets0.33%
Return on Equity4.35%
Interest Income$6.64 million

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Peoples Trust Credit Union (MI) Savings Account Rates

0.05%$100-Traditional IRA Savings
0.05%$100-Roth IRA Savings
0.05%$100-Educational IRA Savings
0.03%$100-Share Savings
0.03%$100-Holiday Club
0.03%$100-Vacation Club
0.03%$100-Member's Choice

Peoples Trust Credit Union (MI) Money Market Rates

0.25%$100k-Money Market Plus Account
0.15%$25k-Money Market IRA
0.15%$25k-Money Market Roth IRA
0.15%$25k-Money Market CESA

Peoples Trust Credit Union (MI) Checking Account Rates

0.05%$2,500-Interest Checking

Peoples Trust Credit Union (MI) CD Rates

1.30%$25k-7 Year CD
1.20%$25k-5 Year CD
1.00%$25k-4 Year CD
0.90%$25k-3 Year CD
0.65%$25k-28 Month CD
0.65%$25k-30 Month CD
0.55%$25k-2 Year CD
0.40%$25k-18 Month CD
0.35%$25k-16 Month CD
0.30%$25k-1 Year CD
0.25%$25k-6 Month CD
0.25%$25k-9 Month CD
0.25%$25k-10 Month CD
0.20%$300-1 Year CD Add-On
0.20%$25-1 Year SAVE To WIN CD
0.15%$25k-3 Month CD

Peoples Trust Credit Union (MI) IRA Rates

0.20%$25-1 Year SAVE To WIN IRA (Traditional,CESA,Roth)

Peoples Trust Credit Union (MI) Locations
Branch Office477 Michigan Ave Mezzanine LevelDetroit, MI 48226-2523
Branch Office3011 W Grand Blvd Ste 103Detroit, MI 48202-3068
Branch Office30800 Van Dyke Ave Ste 101Warren, MI 48093-8704
Branch Office24333 Lahser RdSouthfield, MI 48033-6041